Signed into law on March 18, 2020, the Families First Coronavirus Response Act instituted new, mandatory rules for paid sick leave and FMLA directly related to COVID-19. Employers are required to post at their place of employment a new notice related to the law. Further information can be found on the Department of Labor’s website: DOL’s FFCRA Q&A. The Act also introduces tax credits for employers making payments to employees mandated by the Act. Additional information on the tax credits and requirements under the Act can be found on the IRS website: IRS IR-2020-57.
EWH Small Business Accounting | Certified Public Accountants
Bottom Line. We Love Accounting.
